Oil slips after highest peak since March

Oil futures slipped overnight as the market braced for reports expected to show swelling US crude inventories, which pulled prices back from the highest levels since before the coronavirus pandemic slammed fuel demand. Prices rose early, after US President Donald...

Thumping data drives stocks and oil higher

World stocks and risk currencies have rallied on encouraging global economic data and assurances from US President Donald Trump that the US-China trade deal remains “fully intact” after confusion over its fate emerged. Jitters had struck Asian markets...

Oil boosted by OPEC+ cuts despite virus

Oil prices finished last week higher but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States’ economic rebound. Crude benchmarks followed other assets lower, pulling back from session...

Oil edges up on OPEC output cut compliance

Oil prices rose slightly overnight as a panel of OPEC and allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus cases reported in parts of the United States and China. Brent crude futures settled at $US41.51 a...